About McMoRan Exploration Co

Freeport-McMoRan Inc., a leading mining organization, prides itself on a strong foundation of corporate governance and leadership. The Board of Directors, a key governing body of the organization, is composed of twelve distinguished members, including ten independent directors who bring a wealth of diverse perspectives, skill sets, and experience to the table. At the helm of the Board of Directors is Richard C. Adkerson, who serves as Chairman of the Board.

With a strong academic background, Mr. Adkerson graduated with a B.S. degree in Accounting with highest honors and an M.B.A. degree from Mississippi State University. He also completed the Advanced Management Program at the Harvard Business School. Prior to joining Freeport in 1989, he held significant roles in well-known organizations, such as Arthur Andersen & Co. and the Securities and Exchange Commission. Apart from his leadership at Freeport, Mr.

Adkerson is actively involved in various organizations and initiatives. He is a member of prestigious bodies like The Business Council, the Business Roundtable, and the Council on Foreign Relations. Additionally, he serves on the Dean's Council of 100 for the Arizona State University W. P. Carey School of Business. Mr.

Adkerson's commitment to philanthropy is evident through his role as Chairman Emeritus of the Board of Trustees of the National WWII Museum and his involvement with the M.D. Anderson Cancer Center in Houston, Texas. Recognized for his outstanding contributions, Mr. Adkerson has received numerous accolades over the years, including being inducted into the American Mining Hall of Fame and the National Mining Hall of Fame.

His dedication to the industry has been acknowledged with awards such as The American Institute of Mining, Metallurgical, and Petroleum Engineers Charles F. Rand Memorial Award and The Copper Club’s Ankh Award. Moreover, Mr. Adkerson's leadership and achievements have been honored by institutions like the W. P. Carey School of Business Dean's Council at Arizona State University, where he was named Executive of the Year.

In 2024, he joined Extel’s All-America Executive Team CEO Hall of Fame, further cementing his legacy in the industry. Having served as the Chief Executive Officer of Freeport from 2003 to June of 2024, Mr. Adkerson continues to steer the organization to success as Chairman of the Board. His strategic vision, industry expertise, and commitment to excellence make him a driving force behind Freeport-McMoRan's continued growth and success as a global leader in the mining sector.

Growth

Freeport-McMoRan is an established enterprise with a long history of successful operating performance in the mining industry. The company has a portfolio of geographically diverse, long-lived copper assets and is focused on responsibly producing copper to support economic progress and clean energy applications. They are dedicated to positively contributing to society by supplying the world with copper in a responsible, reliable, and relentless manner.

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Achievements

Freeport-McMoRan has achieved significant milestones in terms of revenue growth, market penetration, and sustainable practices. They have successfully operated diverse copper assets, implemented ESG commitments to enhance responsible production practices, and maintained a culture of teamwork and results-oriented mindset among their employees.

Case Studies

One notable case study of Freeport-McMoRan is their successful operation of copper assets with a focus on sustainable practices. By implementing ESG commitments and maintaining a culture of teamwork and results-oriented approach, the company has established itself as a leading player in the mining industry. Their dedication to responsible production and contribution to economic progress and clean energy applications sets them apart.

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